Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon Resources Plc LSE:PANR London Ordinary Share GB00B125SX82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.12 -0.76% 15.74 15.74 16.10 16.00 15.74 15.76 1,200,253 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -8.8 -3.7 - 79

Pantheon Resources Share Discussion Threads

Showing 36926 to 36948 of 37650 messages
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DateSubjectAuthorDiscuss
26/9/2019
12:30
Hi echoridge - I've been aware of this "overhang" you refer to for perhaps the last 10 days or so. Dreadful timing just as Bob Rosenthal was heading to London to further the farm out process (got to be meeting with Premier at the very least presumably?) and to deliver a substantive and fascinating technical update on Alaska. My understanding is the overhang has now been cleared entirely. The institution had a fund closed down which has necessitated this activity. "Nothing personal", PANR was just one stock in a whole portfolio that just had to be sold within a set time frame. For non-market people reading this post, this sort of thing happens from time to time....just part of life. Sure the buyer was a tad "cheeky" bidding 16p, but I've been in that position myself many times. If you're aware of a seller's imperative to sell, you sorta work it to your advantage as a buyer. The good news is that the line has been cleared now and we can focus on what we learned from Bob Rosenthal on Tuesday. More on that later! GLA
scot126
26/9/2019
12:11
The main activity so far today would appear to be an agency cross trade (ie, a broker matches buyer and seller) of roughly 1.5m shares, which I think can reasonably be assumed to have been overhanging the market for the past week or so. So yes, I believe a overhang has been cleared. Also, agency trades such as this are normally recorded as 3m shares traded in the official volume figures, but some systems seem to have a problem dealing with agency and often double or even quadruple count them, which would go some of the way to explaining the nonsense volume showing on advfn of 12m. As of this writing in fact, the 'real' volume for PANR today is just under 5m, which is constituted by our 1.5m x 2 agency cross and another 2m traded on the book.
echoridge
26/9/2019
11:39
Wonder if that clears any overhang.Guess soon find out.
astralvision
26/9/2019
11:35
Well, one or another threshold has been crossed so I think we may get a holdings RNS if they were over 3%.
michaelsadvfn
26/9/2019
11:27
Looks like the presentational allowed for the House Broker to Place a block of stock from a stale holder.
davidblack
26/9/2019
10:15
Well, I got my 2nd position at 17p. Current price is 16.7 and my average is 17.7. 16p is a tl support on the weekly chart. I'd be tempted to add there, we'll see.
stupmy
26/9/2019
10:02
Does this big volume today mean the seller overhanging the market is now finished? Time will tell!
sparki2
26/9/2019
09:39
Oops there's a fourth :-/
soulsauce
26/9/2019
09:38
Ahh second and third obvious rollover. Reckon first will be scribed off.
soulsauce
26/9/2019
09:36
And a second. I reckon they must be connected hence no change in the share price
soulsauce
26/9/2019
09:19
1.5m at 16p..............wtf
bit coin
26/9/2019
07:05
Rabito79, there was no discussion regards waterflooding that I recall. They were happy to keep within the ranges stated in the presentation. BC, with regards drilling in 2019 I didn't expressly hear that as an option. But the timing is to a certain extent out of their control. The sooner they get a suitable farminee the sooner they can start. They did state that they were seeking a sizeable cash amount up front to cover historic costs along with being carried for future well programs. Although the exact details and percentages are a matter for negotiation, I think their stated wishes, particularly up-front payment are quite demanding. Given GB have paid to date in excess of $200m what would one consider a sizeable cash amount? I guess its a function of the total deal package but I would think 20% of back costs or $40m would not seem unreasonable. Anything less than this would might suggest that the company have failed to get what they have asked for and put in the public domain. That makes me feel that they are quite confident of getting such a deal. Just speculation on my part but given the market cap of Pantheon at 18p is less than £90m any deal of this nature would as they say be "transformational".
dlm2602
26/9/2019
07:04
on the website; Summary • A successful farm-out should lead to high impact drilling in 2019/2020
bit coin
26/9/2019
07:03
Drilling season opens in December if the ice comes early but remember they need about 20 inches of ice to move on frozen water bodies. So the reality is first drilling on ice would be January or February. Anyway this is a pointless issue as Alkaid will be drilled from the Dalton after the ice breakup in April when drill rates plummet. Essentially they will get three drill holes for the price of two. If they choose to drill a Talitha vertical that would need ice but looking at the comments from yesterday it’s not clear if they are going to require that vertical?
davidblack
26/9/2019
06:51
rivin I attended, spoke and was critical of the company for once again not meeting the objectives stated for the upcoming year for 2019. Rosenthal did not say drilling would commence in 2019.
rivin
26/9/2019
06:28
were they serious in saying drilling may start in 2019?
bit coin
26/9/2019
05:55
Dlm, thanks for your notes. Was there any discussion regards waterflooding and the resultant increases in recovery percentages?
rabito79
25/9/2019
17:31
Thanks to dim and all other contributors relating to the presentation which is much appreciated. On another note it's unusual not to have received feedback from Scot126, sincerely hope all is OK with him?
steved
25/9/2019
17:16
It's amazing how the majors ignore the potential of this potentially amazing play in Alaska. £86m equity value ascribed to this. That is also amazing. It was higher last time around but at least there was the hope of secret sauce. Just amazing.
winthorpeiii
25/9/2019
14:03
presentation did not completely overlook Texas - but priority is Alaska  Multiple play types discovered from the 6 wells drilled to date. All wells encountered hydrocarbons  Modelled individual P50 well type = 1.4 mmboe. Potential for rapid paybacks (1)  Advanced stage in negotiating (non-cash) buyout of Vision to bring Pantheon to 100% WI  Pantheon’s technical team undertaking full review of East Texas, but Alaska has taken priority  Re-engaged with experts at Bureau of Economic Geology, University of Texas, for technical study to enhance understanding  Conventional targets with established infrastructure expediting development & cashflow  Four main play types all which have flowed hydrocarbons  Eagleford Sandstone. The PANR discovery of West AA indicates the acreage contains potential multiple fields of Double A Wells size (415 bcf and 20 million bbls) (1)  Wilcox Formation flowed hydrocarbons during drilling VOBM#4 and VOBM#4 sidetrack wells. Is a prolific producer regionally. VOBM#4 log shows a significant Wilcox sand; if successful there is great potential relative to nearby fields  Austin Chalk - Proven to exist on acreage and prolific regionally; primarily a natural gas play  Navarro Formation - Potentially productive. Flowed hydrocarbons in VOBM#4  East Texas has potential to provide an increasing cash flow base, initially through new drilling or a VOBM#1 sidetrack Summary • A successful farm-out should lead to high impact drilling in 2019/2020 • Aiming to drill two development wells and two appraisal wells • First Alaskan production could be as early as 2020 (1) • High working interest positions in Alaska: 75% to 100%(4) • Successful sidetrack well in Texas should substantially increase cashflow
bit coin
25/9/2019
13:08
d1m, thanks. As I said I like that area of the presentation as it seems almost tangible. It's clearly a vote of confidence in what PANR have. I have to admit I have done no research on eSeis
stupmy
25/9/2019
12:57
Thanks for the feedback dlm, appreciated.
michaelsadvfn
25/9/2019
12:15
Stupmy. Ref RNS 05 Aug Jay Cheatham, CEO, said: "An enormous amount of work has gone into preparing this data room by both the Company and by our partners at eSeis. eSeis will jointly manage the process with us and by virtue of their 1% royalty are incentivised to achieve the best farmout terms possible. I was in the data room myself only last week and am very happy with the quality of the information available for review." and RNS 24 Jun "eSeis will undertake the work for a heavily discounted rate (which management estimate to be a saving of $1.5 - $2m to the company) in exchange for a 1% overriding royalty interest. Such a performance-based remuneration structure achieves the dual objective of aligning eSeis' interest with that of Pantheon shareholders and of preserving cash resources. It is important to note the Alaskan leases are state government leases which carry a significantly lower royalty burden than most leases in the Lower 48 States of the USA. This deal would increase the lease royalty rates to c.17.6% across the project area with e-Seis. By way of comparison, the royalty burden on Pantheon's East Texas leases averages 25%."
dlm2602
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